Budget

Approved Fiscal Year 2016-17 Budget

The budget for the City of Taylor represents a blueprint of the programs and services it will provide to the residents of Taylor in the upcoming year. The budget process not only exhibits a balance of revenues and expenditures, but also an opportunity for Taylor to evaluate its services and plan for improvements in the years to come. It is a result of input from the City Council, citizens and staff.

The FY 2016-17 budget includes total revenues of $11,998,429 and total anticipated expenditures of $11,914,378 in the General Fund. The proposed Utility Fund revenues for next fiscal year are $9,165,607 with anticipated expenditures of $8,033,692. The proposed Airport Fund revenues for next fiscal year are $468,959 with anticipated expenditures of $445,449.

This year's budget lowered the tax rate 1¢ to a tax rate of $0.803893, which serves as the main source of revenue for the City.

Each year, the budget is created by addressing the City Council priorities, evaluating program effectiveness and exploring ways to enhance services.

Funding of two new positions (full-time Code Enforcement Officer and part-time Library Aide) and converting a part-time Kennel Technician to a full-time position.

Community Investment Program (CIP)

The Community Investment Program, or CIP, is a five-year plan that identifies projected capital expenditures necessary to accomplish the City’s long-range objectives. The ultimate goal of this process is to develop a program that is both financially sound and acceptable to the community. Funding is divided among several areas including streets, facilities, parks, water, storm water and wastewater projects. Notable CIP projects in the five-year plan include: